To illustrate the governments complete lack of foresight and its tendency to ram through policy based on pure emotion, I wanted to talk a bit about the Blockbuster-Hollywood Video anti-trust case that prevented the companies from merging in 2005.
In a complete waste of taxpayer money and everyone's time, the government prevented Blockbuster and Hollywood Video from consolidating to remain competitive out of fears that they would simply raise the cost of renting home movies and corner the market. It was just two years later that Netflix started streaming and completely destroyed the home video rental market entirely. I discuss in this clip from Episode 709.
Listen to the FULL episode:
https://www.youtube.com/watch?v=gogrK4tO1eM
-
FOLLOW MY MAIN YOUTUBE CHANNEL:
www.youtube.com/peterschiff
Invest like me: https://schiffradio.com/invest
RATE AND REVIEW the Peter Schiff Show Podcast on Facebook.
https://www.facebook.com/PeterSchiff/...
SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash
Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://instagram.com/peterschiff
0 Comments